U.S. Markets closed

AUD/USD Technical Analysis 02.20.2013

Ilya Spivak

AUD/USD Technical Analysis- Prices are testing below support at 1.0314, the 23.6% Fibonacci retracement. A break downward aims for the 14.6% Fibat 1.0280 and the February 12 low at 1.0226. Near-term resistance is at 1.0369, the 38.2% level. A move back above that eyes rising trend line support-turned-resistance at 1.0423.


Forex_AUDUSD_Technical_Analysis_02.20.2013_body_Picture_5.png, AUD/USD Technical Analysis 02.20.2013

Daily Chart - Created Using FXCM Marketscope 2.0




--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com


To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak


To be added to Ilya's e-mail distribution list, please CLICK HERE


New to FX? Watch this Video. For live market updates, visit the Real Time News Feed



DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.